Undergraduate

Actuarial Science

Actuarial science majors use training in mathematics and economics to solve business problems involving risk to prepare for the Actuarial Exam. You will gain a strong background in multidisciplinary and quantitative skills.

Actuarial Science Program

Program Tracks Available

Major

Admission Deadline

Early Decision: November 15

Early Action: November 15

Early Action II: December 15

Regular Decision: March 15 (Preferred status deadline)

Apply Now

Degrees Offered

B.A.

School

D'Amour College of Liberal Arts and Sciences

Department

Mathematics and Computer Science

Program Overview

Do you spend time carefully evaluating risks? Is a decision or investment worth the potential outcomes? If this sounds like you, a bachelor’s degree in actuarial science from Assumption University might be the perfect fit.

Actuaries use training in mathematics and economics to solve business problems involving risk and are highly sought after because of their multidisciplinary background and strong quantitative skills. This rigorous major requires students to take courses in mathematics, economics and business studies. The curriculum is designed to prepare students for the first two Actuarial Exams sponsored by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).

Program Contact

Jessica McCready, Ph.D.

Associate Professor of Biology

508-767-7344 j.mccready@assumption.edu Testa Science Center - Room 109

An Ideal Place To Learn

100%

All classes taught by professors, none by teaching assistants

Students from 29 states and 21 countries

11:1

Student/Faculty ratio

Jump To

Program Curriculum

Major

The Actuarial Science major consists of a total of fifteen required courses, which comprise seven specifically required courses in mathematics, six required courses in economics, and two in business studies.

Required Courses (15)

First-Year/Sophomore

MAT 131–132	Elementary Calculus I and II OR
MAT 117–118	Calculus I and II
MAT 231–232	Calculus III and Multivariable Calculus
MAT 202	Discrete Structures
MAT 208	Probability Theory
ECO 110–111	Microeconomics and Macroeconomics
ACC 125-126	Principles of Accounting I and II

Sophomore/Junior

MAT 207	Actuarial Mathematics
ECO 115	Statistics
ECO 215	Econometrics I
FIN 325	Managerial Finance
FIN 357	Investment Theory

Senior

Senior Math Assessment

Electives

Students in Actuarial Science should also consider these additional courses, e.g. toward the pursuit of a minor in Finance or Economics.

MAT 203	Linear Algebra
MAT 332	Real Analysis
MAT 355	Differential Equations
CSC 113	Introduction to Computer Science
CSC 117	Introduction to Programming
CSC 120	Statistics Programming
CSC 175	Databases and Spreadsheets
CSC 261	Simulation
CSC 327	Operations Research
ECO 230	Law and Economics
ECO 310	Microeconomic Theory
ECO 311	Macroeconomic Theory
ECO 315	Econometrics II
ECO 331	Industrial Organization
FIN 300	Financial Modeling
FIN 430	Financial Econometrics

Actuarial Science majors are encouraged — but not required — to take the first Actuarial Exam (Exam P, Probability, sponsored by the Society of Actuaries) soon after taking MAT 208. Exam P is a minimum requirement for entry into a summer internship or full-time employment as an actuary in an insurance company program. Advanced students may also consider taking the second Actuarial Exam (Exam FM, Financial Mathematics) before graduation.

Course Descriptions

Faculty

Jessica McCready, Ph.D. Department Chair, Mathematics and Computer Science Associate Professor of Biology

Experiential Learning

Learn the Skills Employers Seek

Faculty/Student Research

The Assumption curriculum encourages scholarly and real-world experience. With hands-on research conducted alongside faculty mentors, students gain a depth of knowledge and skills that lead to professional success and personal fulfillment.

Study Abroad

At Assumption University, the world is your classroom. Students can study and explore abroad in over 50 places from Vienna to England, South Africa, and even our own campus in historic, yet modern, Rome, Italy. Assumption’s study abroad program offers culture, history, and a living classroom for all.

Internships

Assumption starts planning for your future the day you arrive on campus. Our Career Development and Internship Center helps students secure exciting and fulfilling internships where you’ll apply knowledge obtained in the classroom in a professional setting, preparing for a future career or additional study. Assumption connects students to internship opportunities in corporations, government agencies, research hospitals, non-profit organizations, and more.

Assumption's Rome Campus

At Assumption's campus in Rome, Italy, the city and the country become your classroom through daily and weekend-long excursions throughout "the eternal city" and the Italian countryside. This unique study abroad experience will enrich your academic and cultural pursuits as you walk in the footsteps of emperors and gladiators then enjoy delectable Italian cuisine or perhaps a cappuccino after class in a local cafe. (Did you know that your financial aid follows you to Rome?)

Explore the Rome Campus

First-rate Academics in a Catholic University Setting

Assumption University awakens in students a sense of wonder, discovery, and purpose, forming graduates known for their intellectual seriousness, thoughtful citizenship, and devotion to the common good. Students are provided an education that shapes their souls, forms them intellectually, and prepares them for meaningful careers. Enlivened by the harmony of faith and reason, here, students’ minds and hearts are transformed.

Our Mission

Assumption is dedicated to providing a clear understanding of what your education will cost

We’ll help cut through the complexity of financing your education, ensuring you understand what you need, how to apply for aid, and what’s expected of you. You will be assigned a personal financial aid advisor who will guide you through the process and answer all of your financial aid-related questions.

Learn about financial aid

Career Paths

Careers and Graduate Schools

The actuarial science major prepares students for successful careers as actuaries. Most students are employed by insurance companies to manage and calculate risk upon graduation.

Career Growth

According to the U.S. Bureau of Labor and Statistics (USBLS), the median pay for actuaries is $93,000 per year; new hires average $65,000 per year; fellows $130,000; and mature fellows $260,000. The federal agency’s job outlook for actuaries predicts growth “much faster than average” for the next seven years.

Request Information

Apply

Visit Assumption

Actuarial Science